2023 FRS Changes
Update My Beneficiary · Attend a ... The following retirement bills were filed for consideration in the 2023 regular session of the Florida Legislature.
2023 FRS Changes - Pinellas County
The monthly retiree Health Insurance Subsidy was increased by 50% from $5 to $7.50 for each year of creditable service. The maximum monthly benefit was adjusted ...
FRS EMPLOYER Newsletter - MyFRS
During the 2023 session, the Florida Legislature passed and the Governor approved Senate Bill 7024, which changes the Florida Retirement ...
Changes to FRS and DROP in 2023 - DROP Advisory Council
Changes to FRS and DROP in 2023 · Health Insurance Subsidy (HIS) – Effective July 1, 2023, the employer of each member of the · Deferred Retirement Option ...
CS/SB 7024 — Retirement - 2023 Bill Summaries - The Florida Senate
The bill changes the normal retirement date for Special Risk Class members who enrolled on or after July 1, 2011, to age 55 with 8 years of service or at any ...
Legislative Updates to the Florida Retirement System - FSU HR
Employer Contribution Rates – New contribution rates for state-administered retirement programs began July 1, 2023. The employer contribution ...
2023 Florida Retirement System (FRS) Changes – effective 07/01/23
Effective July 1, 2023, there are changes to the Florida Retirement System (FRS) benefits for DSC employees due to new state laws. The changes ...
New 2023 FRS Legislation - Florida Retirement Resources
The bill will be making changes to both DROP interest rates, investment plan contributions, and an increase in benefits for the Health Insurance Subsidy.
Recent Changes in FRS DROP Legislation - My FRS Guide | Florida ...
In 2023, there have been significant changes in the Deferred Retirement Option Program (DROP) legislation within the FRS.
2023 FRS Updates - Benefits - University of South Florida
2023 FRS Updates · Health Insurance Subsidy Increase. The monthly retiree Health Insurance Subsidy increased from $5 to $7.50 for each year of ...
Division of Retirement - FRS Online - MyFlorida.com
Following the 2023 Legislative Session, there have been some changes that may have impacted your retirement journey. We have outlined a few of those changes in ...
Information Releases / Employers / Retirement / Workforce Operations
]- July 28, 2023, 2023 Florida Retirement System Legislative Changes (distributed to all FRS Agency Heads and Retirement Coordinators). In addition to ...
FAQ's for 2023 FRS Pension and DROP Changes - YouTube
On June 5th, 2023, Florida Governor Ron DeSantis signed SB 7024, thus making changes to the Florida Retirement System.
Contribution Rates effective July 1, 2023
the FRS Pension Plan or the FRS Investment Plan) ... coverage. 3 IFAS is a closed, grandfathered retirement system and the rates for fiscal year 2023-24 did not ...
FRS Programs Comparing the Plans Cost-of-Living Adjustments
FRS Pension Plan members who retired prior to July 1, 2011 will receive a 3% COLA each July 1. · You will receive a COLA on your July monthly benefit amount (if ...
As of July 1, 2023 the Regular Class employees had 11.30% of their FRS gross compensation deposited into their retirement account. Of that ...
2023 Proposed FRS Changes to DROP, the Pension Plan, and ...
2023 proposed legislation would expand on these changes and add even more changes that can benefit members of both plans.
[Video] 2023 Legislative Changes to FRS
The new law modifies the normal retirement date for Special Risk Class members initially enrolled on or after July 1, 2011, to be the earlier of 25 years of ...
Quarterly Newsletter - INVESTMENT PLAN
FRS normal retirement age or ... 2023-111, Laws of Florida) — This bill, effective May 24, 2023, makes the following retirement changes:.
2023 FRS Investment Plan Contribution Changes - YouTube
As of July 1st, 2023, Ron DeSantis signed a bill that make changes to the Florida Retirement System. In this video, Don Anders discusses the ...